Healthpeak Properties (NYSE:DOC) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Healthpeak Properties (DOC) from “hold” to “sell.” Despite the downgrade, analyst consensus remains “hold,” with an average price target of $21.47.
• In its latest quarter, Healthpeak reported EPS of $0.02, missing the $0.43 consensus estimate, while revenue of $820.89 million topped expectations and rose 16.3% year over year.
• Analyst views are mixed: four rate the stock “buy” and fourteen “hold.” Cantor Fitzgerald cut its price target to $21, while Robert W. Baird raised its target to $24 and maintained an “outperform” rating.

Healthpeak Properties (NYSE:DOC - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday, Wall Street Zen reports.

Several other brokerages have also commented on DOC. Weiss Ratings lowered shares of Healthpeak Properties from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, September 16th. Cantor Fitzgerald cut their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set a "neutral" rating on the stock in a research report on Wednesday. Jefferies Financial Group started coverage on Healthpeak Properties in a report on Tuesday, September 15th. They issued a "hold" rating and a $21.00 target price on the stock. Citigroup raised their price target on Healthpeak Properties from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 11th. Finally, Robert W. Baird increased their target price on shares of Healthpeak Properties from $21.00 to $24.00 and gave the company an "outperform" rating in a research report on Thursday, August 13th. Four analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $21.47.

Healthpeak Properties Stock Up 0.9%

Shares of Healthpeak Properties stock opened at $20.30 on Friday. Healthpeak Properties has a 1-year low of $15.70 and a 1-year high of $22.95. The company has a market capitalization of $13.99 billion, a P/E ratio of 10.70, a PEG ratio of 2.41 and a beta of 1.01. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.02 and a quick ratio of 3.02. The business's fifty day moving average price is $19.74 and its two-hundred day moving average price is $19.20.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The real estate investment trust reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.41). The firm had revenue of $820.89 million during the quarter, compared to the consensus estimate of $739.18 million. Healthpeak Properties had a return on equity of 4.25% and a net margin of 12.32%. Healthpeak Properties's revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 EPS. As a group, research analysts forecast that Healthpeak Properties will post 1.77 EPS for the current year.

Hedge Funds Weigh In On Healthpeak Properties

A number of hedge funds have recently made changes to their positions in the stock. OneDigital Investment Advisors LLC raised its position in shares of Healthpeak Properties by 3.3% in the second quarter. OneDigital Investment Advisors LLC now owns 15,376 shares of the real estate investment trust's stock valued at $329,000 after purchasing an additional 493 shares during the period. Clearstead Trust LLC increased its holdings in Healthpeak Properties by 66.7% in the 2nd quarter. Clearstead Trust LLC now owns 1,357 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 543 shares in the last quarter. North Dakota State Investment Board lifted its position in Healthpeak Properties by 3.0% during the third quarter. North Dakota State Investment Board now owns 21,239 shares of the real estate investment trust's stock valued at $424,000 after purchasing an additional 624 shares during the last quarter. CX Institutional increased its stake in Healthpeak Properties by 6.1% in the 2nd quarter. CX Institutional now owns 11,003 shares of the real estate investment trust's stock worth $235,000 after buying an additional 633 shares during the period. Finally, Brighton Jones LLC grew its stake in Healthpeak Properties by 7.1% in the third quarter. Brighton Jones LLC now owns 10,387 shares of the real estate investment trust's stock valued at $207,000 after purchasing an additional 688 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc NYSE: DOC is a real estate investment trust that owns, operates and develops healthcare-related real estate in the United States. The company primarily serves healthcare providers, research organizations and senior-care operators through a portfolio of specialized properties.

Its main activities include the ownership and leasing of outpatient medical office buildings, life science facilities and senior housing properties. These assets support services such as physician practices, ambulatory care, medical research and senior living.

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